Altura mining has announced information about a $28 Million capital raising to fund its lithium project in West Australia. The financing package comprises of:
·
National
& international investors $23 million AUD
·
Secure
Purchase Plan for existing shareholders to participate in capital raising $5
million
The increase in
lithium demand saw four new spodumene operations enter the market in 2018,
which has impacted the hard rock ore’s trading price and reduced realized
profits for West Australian producers. The Mt Marion lithium mine in WA has
described a price fall of almost 15% over the last 3...
Shares in Mineral Resources (ASX:MIN) have surged almost 27% on news of a potential joint venture deal with American lithium powerhouse Albemarle Corporation. If executed, the agreement will see lithium producer acquire half of the Wodgina lithium project in WA currently owned by Mineral Resources. Albermarle will...
Albermarle’s proposed lithium plant to be constructed near Bunbury has been given environmental approval by the West Australian Government.
The construction effort will create an
estimate of about 500 jobs, whilst another 500 employment positions will be
available when the plant is in the operations...
Core Exploration, an Australia-based metals developer has
increased the size of its Finniss lithium project in the Northern Territory
(NT). The resource increase of up to 5 million tonnes of 1.5% lithium oxide
confirms the project as one of Australia’s highest grade, undeveloped lithium
deposits.
The BP33
deposit upgrade...
Perth based Sayona Mining Limited (ASX:SYA) has this week announced results from its latest drilling program underway at the Malina spodumene pegmatite project in the Pilgangoora district of Western Australia.
The results included drilling of a total of 30 holes of an overall...
Private company
Pilgangoora Minerals Pty Ltd has entered into an arrangement with Venus Metals
Corporation (ASX:VMC) to allow them to access mining tenements located near
Pilbara Minerals (ASX:PLS) lithium project in the Pilbara.
The
company has paid up to $200 000 in cash to gain access to the...
Perth
based Piedmont Lithium (ASX:PLL) has recently recruited Timothy McKenna, a
highly experienced advisor with over 35 years of experience in government and
investor relations. Timothy will be providing advice on the Piedmont Lithium
Project similar to his previous role with Rockwood Holdings Inc before they
were acquired by Albermarle Corporation in...
Kidman Resources’
(ASX:KDR) share price has increased by 15% with investment decision news
related to the company’s Mt Holland project in Western Australia, which is set
to create 300 full time roles as well as almost $2 billion in royalties to the
Government of Western Australia.
The...
Australia’s High Commissioner to India, Ms Harinder Sidhu
revealed that Indian companies are encouraged to invest in and own lithium
projects in Australia, despite a number of ownership misconceptions
amongst the Indian business community.
“There is no impediment in doing so, subject to regulatory
and other requirements, and there...
